Wipro shares fall 4% after a huge block deal - Shares of Wipro fell nearly 4% to ₹258 on NSE after a huge block deal. Around 0.4% stake of the company changed hands in a single block deal. While buyers and sellers were not known immediately, the Azim Premji Trust, part of the promoter group that owns 74.3 per cent in the software services provider, plans to sell a minimum of 0.29 percent, or 1.78 crore shares through block deals, according to sources who spoke on the condition of anonymity as the information is not public yet. The stock traded at 16.5 times its estimated forward earnings per share compared to 15.2 times for the two-year historical average. Opening Bell: Sensex, Nifty Open Lower Indian equity benchmarks opened lower, tracking its Asian peers amid signs China is trying to slow down the country’s equity rally and after cuts to economic forecasts at the European Central Bank reignited concern on global growth. The S&P BSE Sensex fell as much a...
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